Distance from the record
This close sat 36.79% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 16 December 2014, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 5 December 2014
Gold closed at $1,193.90 per troy ounce on 16 December 2014, down $13.30 (1.10%) from the previous close of $1,207.20.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 36.79% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,245.50, making this a -4.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,193.90 per troy ounce on 16 December 2014. That is $13.30 lower than the previous close of $1,207.20, a move of -1.10%.
The gold price fell on 16 December 2014, losing $13.30 (1.10%) against the previous session's close of $1,207.20.
At $1,193.90 per troy ounce, one gram of pure gold was worth about $38.38 on 16 December 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2014 18k gold was worth about $28.79 per gram and 14k about $22.39 per gram, against $38.38 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.0 on 16 December 2014, meaning one ounce of gold was worth roughly 76.0 ounces of silver.
A week before 16 December 2014, gold was around $1,231.50 per troy ounce, so the close of $1,193.90 is a loss of 3.1% over the week.
This close was session 5 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 36.79% below the highest close on record up to that date, which was set on 2011-08-22.